1. Sadly litecoin didnt stay above the 200 support and on a weekly charts its declining(). Its major support is roughly $138 but its doesnt mean we will go there, as charts can repair themselves quickly.
2. Volume is low for Bitcoin as it struggled to even break the heavy resistance zone. Volume is life blood of all markets and right now we dont have enough blood.
3. My suggestion is to hold some cash on the sidelines and wait for any signals especially if we see any pick up in volume on breakdowns in support levels.
4. March is going to be a choppy month but i still see a bright future ahead for the crytpo's. Needless to say Bitcoin is the major indicator for a turnaround in the crypto space. I hope post FOMC we will see a continued breakdown in the dollar.
Best of Wishes to you all!!
LULU!
2. Volume is low for Bitcoin as it struggled to even break the heavy resistance zone. Volume is life blood of all markets and right now we dont have enough blood.
3. My suggestion is to hold some cash on the sidelines and wait for any signals especially if we see any pick up in volume on breakdowns in support levels.
4. March is going to be a choppy month but i still see a bright future ahead for the crytpo's. Needless to say Bitcoin is the major indicator for a turnaround in the crypto space. I hope post FOMC we will see a continued breakdown in the dollar.
Best of Wishes to you all!!
LULU!